When Joe Lacob and Peter Gruber paid $450 million for the Golden State Warriors back in 2010, many thought they overpaid substantially for one of the NBA’s more downtrodden franchises.
The Warriors, after all, had just two winning seasons in the past 16 years up until that point, and while they’ve managed to retain one of the more passionate fan bases in the league, the location of the team in Oakland didn’t seem to be all that appealing to those observing from the outside.
It’s amazing how quickly perceptions can change. And with new Kings owner Vivek Ranadive forced to sell his minority share in the Warriors, the franchise’s valuation has nearly doubled in just three short years.
Less than three years after the two agreed to pay the highest price ever for an NBA franchise, the team is now valued at $800 million, according to a source with knowledge of the terms.
The new valuation comes from the price Silicon Valley venture capitalist Mark Stevens agreed to pay for a share of the team that was made available when former partner Vivek Ranadive had to sell it to buy the Sacramento Kings in May.
In a way, Ranadive’s agreement to pay about $550 million for 72 percent of the Kings and their existing arena helped his old partners sell their stake for even more. The $800 million number is still surprising, given that Forbes magazine valued the Warriors in January at $555 million. Warriors spokesman Raymond Ridder declined to comment on the new valuation or the percentage that Stevens bought.
Franchise valuations are a tricky thing, because all you can do is estimate what the price tag might be, based on what other franchises have sold for in recent transactions.
What can never be truly accounted for, however. is what someone might be willing to pay for even a share in an NBA franchise under the right set of circumstances. In the case of the Warriors, they’ve quite suddenly become one of the more attractive teams to buy into, and their current value is now reflective of that.
The Rockets traded for Tyler Ennis., sending Michael Beasley away in the deal.
Which is why it was a bit of a surprise on Monday when early reports had the Rockets waiving Ennis, but either the report was off or the Rockets changed their minds.
With Patrick Beverley out injured, this leaves the Rockets thin at the traditional point guard spot. However, in practice James Harden, Eric Gordon and others will initiate Mike D’Antoni’s offense, so the bigger challenge will be defensively. Prigioni was not much help there at this point in his career.
I wouldn’t be surprised if a team snaps up Prigioni as insurance, or he certainly can make money overseas. Prigioni played last season as a backup point guard for the Clippers.
Miami’s Hassan Whiteside is a lot of things: An elite shot blocker, up-and-coming NBA star who worked hard for the right to be that, a Heat cornerstone.
I’m not sold, but he’s showing off his groove in this Twitter video.
When you get a $98.6 million contract, you can do whatever you want. So he can be a dance if he wants to.
LeBron James is the best player on the planet when he dials it up, and he reminded every one of that leading his Cavaliers to the NBA title last season.
On the other side of the scale, after losing the title, the Golden State Warriors reloaded by adding Kevin Durant to a roster that already won 73 games and went to Game 7 of the NBA Finals last season. Along those same lines, the Spurs added Pau Gasol to replace Tim Duncan, and the Celtics picked up Al Horford to bolster a strong young team.
Joe Varden of The Cleveland Plain Dealer asked LeBron what he thought of all these teams stacking up.
“I know teams switch and pick up new coaches or new players, and their whole goal is kind of they want to beat me,” James told cleveland.com, in a candid discussion about the upcoming year and his place in the sport at age 31, in this his 14th season. “It’s never just about me, but I always hear them saying, ‘We gotta beat LeBron.’ It’s not just me on the court, but I understand that teams get together in this conference and across the league to try to beat me.”
If anyone should be used to having a target on his back, it’s LeBron.
And he’s not wrong. You can argue he did the same thing in Miami, but he’s not wrong in this case.
The Warriors adding Durant was all about confounding how Cleveland and everyone else can defend the Warriors — particularly the small-ball “death lineup.” Oklahoma City and Cleveland had success putting their best defensive forward (Durant of OKC and LeBron for Cleveland) on Draymond Green and switching his pick-and-roll with Curry, then hoping Harrison Barnes didn’t make their big pay in a mismatch. Barnes couldn’t, it worked.
Now take out Barnes and put in Durant. Good luck defending that lineup now.
LeBron is right, the Warriors did target him. He’s the champ. He and the Cavaliers are the bar to clear. Can he and Cleveland rise up o task is the real question?
ATLANTA (AP) — NBA TV personality Kristen Ledlow says she was robbed at gunpoint at her home.
The host of “NBA Inside Stuff” said on Twitter and Instagram Sunday that she was held up the day before “by three men who knew who I was, where I lived and were waiting for me when I got home.”
She says in addition to stealing her car, purse and phone, the thieves took her “sense of security.” She says she’ll be taking a break from social media as a result of the incident because she says she “will not become a slave to fear.”
Ledlow didn’t say where the incident took place. NBA TV is based in Atlanta.